Funding you earn now, next payment 04:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.11 per $10,000 · paid last 24h +0.008%
Price spread now: OKX against Bybit−0.105%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1231.226% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 7 days+0.110%+$11 · spread now −0.105%, 7d avg −0.031%
=Funding pays, the price is against you. OKX is 0.074% cheaper against Bybit than usual: you would sell low and buy high (spread −0.105% now, against its 7-day average of −0.031%). If the spread goes back, that is −$7 on $10k: about 11 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.012% in total) that is about 44 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CHIPUSDT | 0.04743 | −0.0388 | get 0.0194% / 4h | 20m 44s | $10.9M | $9.1M | 20x |
| Short | OKX CHIP-USDT-SWAP | 0.04738 | −0.0366 | pay 0.0183% / 4h | 20m 44s | $2.1M | $9.7M | 20x |
Bybit CHIPUSDT
OKX CHIP-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $4.8
- Price spread: −0.105% → −0.031%
- −$7.4
- Slippage, 4 orders
- −$101.61
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$125.21
- Costs to cover
- 1.226%
- Break-even
- 189.7 days
Slippage from Bybit: live order book, 2 min ago; OKX: live order book, 2 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Bybit live order book, 2 min ago | 1.06 bp | 33.5 bp −$34 | 142.9 bp −$1,429 | doesn't fit | doesn't fit |
| Sell OKX live order book, 2 min ago | 2.11 bp | 21.8 bp −$22 | 219.5 bp −$2,195 | doesn't fit | doesn't fit |
CHIP on 23 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack CHIP_USDC_PERP | −0.0622% | 1h | 0.04742 | −0.021% | $33K | $249K | 5x | as long as short |
| Phoenix CHIP | −0.0510% | 1h | 0.04730 | −0.274% | $3K | $129K | 5x | as long as short |
| ApeX Omni CHIPUSDT | −0.0430% | 1h | 0.04736 | −0.148% | $16K | $245K | 50x | as long as short |
| Bybit CHIPUSDTlong | −0.0388% | 4h | 0.04743 | long leg | $10.9M | $9.1M | 20x | |
| Deribit CHIP_USDC-PERPETUAL | −0.0383% | 1h | 0.04735 | −0.167% | $10K | $24K | 10x | as long as short |
| OKX CHIP-USDT-SWAPshort | −0.0366% | 4h | 0.04738 | −0.105% | $2.1M | $9.7M | 20x | |
| Nado CHIP-PERP | −0.0137% | 1h | 0.04727 | −0.327% | $239K | $20K | 5x | as long as short |
| Aster CHIPUSDT | −0.0058% | 4h | 0.04741 | −0.038% | $54K | $277K | 5x | as long as short |
| Extended CHIP-USD | +0.0056% | 1h | 0.04736 | −0.142% | $216K | $1.9M | 5x | as long as short |
| Binance CHIPUSDT | +0.0060% | 4h | 0.04738 | −0.102% | $14.3M | $26.9M | 50x | as long as short |
Backpack CHIP_USDC_PERP
Phoenix CHIP
ApeX Omni CHIPUSDT
Deribit CHIP_USDC-PERPETUAL
Nado CHIP-PERP
Aster CHIPUSDT
Extended CHIP-USD
Binance CHIPUSDTShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC CHIP_USDT | +0.0060% | 4h | 0.04737 | −0.127% | $1.8M | $1.2M | 50x | as long as short |
| BloFin CHIP-USDT | +0.0093% | 4h | 0.04738 | −0.105% | $562K | $64K | 50x | as long as short |
| Lighter CHIP | +0.0096% | 1h | 0.04743 | 0.000% | $97K | $117K | 3x | as long as short |
| Hyperliquid CHIP | +0.0100% | 1h | 0.04750 | +0.141% | $14.7M | $6.3M | 3x | as long as short |
| Pacifica CHIP | +0.0100% | 1h | 0.04742 | −0.027% | $16K | $3K | 3x | as long as short |
| Gate CHIP_USDT | +0.0100% | 4h | 0.04738 | −0.105% | $690K | $967K | 50x | as long as short |
| KuCoin CHIPUSDTM | +0.0100% | 4h | 0.04739 | −0.084% | $992K | $1.1M | 50x | as long as short |
| Bitget CHIPUSDT | +0.0100% | 4h | 0.04737 | −0.127% | $2.0M | $3.3M | 50x | as long as short |
| BingX CHIP-USDT | +0.0100% | 4h | 0.04740 | −0.063% | — | $2.0M | — | as long as short |
| Variational Omni CHIP | +0.0100% | 4h | 0.04735 | −0.166% | $842K | $527K | — | as long as short |
| SunX CHIP-USDT | +0.0100% | 4h | 0.04729 | −0.295% | $773 | $1.0M | 10x | as long as short |
| Aftermath Perps CHIPUSD | +0.0206% | 1h | 0.04728 | −0.320% | $105 | $37K | 5x | as long as short |
| Coinbase International CHIP-PERP-INTX | +0.0736% | 1h | 0.04855 | +2.357% | $47K | $42K | 50x | as long as short |
MEXC CHIP_USDT
BloFin CHIP-USDT
Lighter CHIP
Hyperliquid CHIP
Pacifica CHIP
Gate CHIP_USDT
KuCoin CHIPUSDTM
Bitget CHIPUSDT
BingX CHIP-USDT
Variational Omni CHIP
SunX CHIP-USDT
Aftermath Perps CHIPUSD
Coinbase International CHIP-PERP-INTX